Board Of Finance Approves Town & School Budgets

Recently, the Board of Finance approved both the town and school budgets, sending them to a public hearing to be held Wednesday, April 13, 7 p.m. at the Andrews Memorial Town Hall in Clinton.

The board approved the $14.5 million town budget proposed for the 2011-2012 fiscal year which begins July 1, 2011 and ends June 30, 2012.

The board also approved the proposed '11-12 fiscal year school budget at $31.5 million.

First Selectman Willie Fritz said the proposed town budget represents a 2.25 percent increase over the current budget. The Board of Education's proposed budget represents a 1.71 percent increase over the current year.

Total expenditures are proposed at $46 million. 

The projected tax rate was stated as 25.35 - a proposed increase of 2.94 mills over the current (fiscal '10-'11) rate of 22.41.  The '09-'10 tax rate was 21.88.

The two budgets, which are voted on separately, go to a referendum vote May 11.

Board of Finance motions: A motion was made by Dennis Donovan, seconded by Thomas Hollinger to recommend and send to public hearing on April 13, 2011 at 7:00 p.m. in the auditorium at Town Hall the 2011/2012 budget of:

Total Town  - $14,539,785

Total Education - $31,557,078

Total Expenditures - $46,096,863

Total Receipts - $8,839,399

Volunteer Fire Tax Benefit - $50,000

Elderly Tax Benefit - $130,000

To Be Raised by Local Tax - $37,437,464

Estimated Sum to Be Raised by Tax Levy - $37,886,713

The motion carried unanimously.